Trading for the Masses

Remember Two of hearts? I was just thinking . . . Two legs up on the spoos today 1310 to 1320, then pull back to 1313 and up to 1326, that may be two quick hits.

Oil treating us very nicely over the last 30 minutes as it has come under serious pressure and fallen over 4 bucks in the last 30 m inutes. We have taken off half of our position and will look to sell new rallies or new lows and keep the 2nd half of our short crude position in play. Not a bad gain in less than a week as we are now in the money about %5.

Well this market is a tale of two tapes. We had lots of strange news over the weekend about “policing and swat teams” as it relates to financial markets. Why does such talk kind of freak me out. Well watching John Adams makes me think we are greatly diverging from our founding fathers’ ideals and politics, but what do I know. The foreign markets were down off the open in size, but we have rallied so far into the first 30 minutes here. See where they are on the close remember we started getting long on Friday’s close so we will see where they take them today.